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RBI allows card networks, wallets to access RTGS, NEFT

RBI allows card networks, wallets to access RTGS, NEFT
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IANS
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Reserve Bank of India (RBI). (File Photo: IANS). Image Source: IANS News
New Delhi, July 29 : The Reserve Bank of India (RBI) has decided to allow payment system providers, prepaid card issuers, card networks and white label ATM operators access to its Centralised Payment Systems (CPS), such as real time gross settlement (RTGS) and National Electronic Fund Transfer (NEFT) systems.
This would be the the first phase of its plan to bring non-banks in the same platform.
In April, RBI had said that it would encourage participation of non-banks in Reserve Bank of India-operated Centralised Payment Systems (CPS) RTGS and NEFT systems in a phased manner. ....

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NEFT facility not to be available for 14 hours on May 23: RBI

NEFT facility not to be available for 14 hours on May 23: RBI
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

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RTGS services to be unavailable for 14 hours today, here's why

RTGS services to be unavailable for 14 hours today, here's why
dnaindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dnaindia.com Daily Mail and Mail on Sunday newspapers.

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RTGS facility to be unavailable for 14 hours on April 18. Here's why

RTGS facility to be unavailable for 14 hours on April 18. Here’s why
RTGS fund transfer facility will not be available for 14 hours on April 18, said the Reserve Bank of India. The central bank has asked its member banks to notify the same to their customers. Here is all you need to know:
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UPDATED: April 16, 2021 13:35 IST
Bank customers will be able to use NEFT payment facility during the RTGS downtime. (Photo: Reuters/Representational image)
The Reserve Bank of India (RBI) recently announced that Real-Time Gross Settlement (RTGS) fund transfer facility will be unavailable for 14 hours on Sunday. The central bank said that the facility will be unavailable due to a technical upgrade to enhance the system. ....

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RTGS facility to be unavailable for 14 hours on Sunday: RBI

A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021. ....

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